The Elliot Wave theory has gained significant popularity among Bitcoin analysts due to its effectiveness in forecasting the future price movements of the cryptocurrency. In a recent analysis by pseudonymous crypto analyst XForceGlobal, the analyst utilized the 5-wave Elliot Wave theory to predict the potential trajectory of the Bitcoin price. According to XForceGlobal’s analysis posted
Bitcoin
The Bitcoin open interest hitting new all-time highs is a critical indicator of how investors are perceiving the cryptocurrency and the bets they are making. This recent surge in open interest has major implications for the market, especially in the short term. In a surprising turn of events, the Bitcoin open interest has skyrocketed to
The recent fluctuations in the price of Bitcoin have left many investors wondering whether the cryptocurrency will be able to reach a new all-time high in the near future. Despite hitting a peak of $73,400 in March 2024, Bitcoin has struggled to maintain its momentum and has been trading below its previous high for the
Donald Trump, the US Republican Presidential candidate, recently attended the Bitcoin 2024 conference in Nashville on July 27. During his appearance, Trump made bold promises to the crypto voters in attendance regarding the US government’s Bitcoin holdings. He stated that if elected, his administration would enforce a policy mandating the US government to retain “100%”
Semilore Faleti is not just your average cryptocurrency writer. With a specialization in journalism and content creation, Semilore has dedicated his career to uncovering the complexities and intricacies within the world of blockchains and digital assets. His journey began with writing on various subjects, but it wasn’t long before he found his true passion in
The Bitcoin market has seen a recent shift in on-chain dynamics, suggesting that miner capitulation may be coming to an end. The Glassnode Hash Ribbon indicator, which measures BTC’s hash rate, has shown a positive cross between the short-term (30-day) and long-term (60-day) moving averages. This indicates that miners are returning to the network and
Marathon Digital, a leading Bitcoin mining company, has made a bold move by investing a substantial $100 million in BTC. This recent investment highlights the company’s confidence in the long-term potential of Bitcoin, despite previous price fluctuations in the market. The press release published by MARA (formerly known as Marathon Digital) announced the purchase of
Robert Kennedy Jr., during the industry day of the annual Bitcoin conference in Nashville, Tennessee, presented a bold financial policy plan that aims to position the United States as the largest holder of Bitcoin globally. His strategy involves acquiring Bitcoin worth $619 billion to match the current US gold reserves, with the goal of reforming
A recent prediction by a crypto analyst suggests that Bitcoin (BTC) could potentially reach an unprecedented high of $263,000. This forecast is based on the observation of a technical pattern called the “Cup with Handle chart pattern.” According to the analyst, for Bitcoin to achieve this bullish surge, it will need to break above the
Crypto analyst RLinda recently made a compelling case for Bitcoin, suggesting that the leading cryptocurrency could soon reach a new all-time high of $90,000. In her analysis, RLinda highlighted both fundamental and technical factors that point towards further price growth for Bitcoin. On the fundamental side, she pointed out that the market is eagerly anticipating